GLT5.L vs. XLKQ.L
GLT5.L (Invesco UK Gilt 1-5 Year UCITS ETF Dist) and XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) are both exchange-traded funds - GLT5.L is a European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP, while XLKQ.L is a Technology Equities fund tracking the S&P Select Sector Capped 20% Technology Index. Both are passively managed. Over the past 5 years, GLT5.L returned 0.90%/yr vs 26.60%/yr for XLKQ.L. At a correlation of -0.01, they often move in opposite directions. GLT5.L charges 0.06%/yr vs 0.14%/yr for XLKQ.L.
Performance
GLT5.L vs. XLKQ.L - Performance Comparison
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Returns By Period
In the year-to-date period, GLT5.L achieves a 0.19% return, which is significantly lower than XLKQ.L's 23.81% return.
GLT5.L
- 1D
- 0.06%
- 1M
- 0.73%
- YTD
- 0.19%
- 6M
- 0.42%
- 1Y
- 3.04%
- 3Y*
- 4.09%
- 5Y*
- 0.90%
- 10Y*
- —
XLKQ.L
- 1D
- -2.23%
- 1M
- 14.41%
- YTD
- 23.81%
- 6M
- 22.31%
- 1Y
- 54.52%
- 3Y*
- 33.18%
- 5Y*
- 26.60%
- 10Y*
- 27.22%
GLT5.L vs. XLKQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GLT5.L Invesco UK Gilt 1-5 Year UCITS ETF Dist | 0.19% | 5.31% | 2.14% | 3.86% | -5.44% | -1.89% | 1.83% | 0.69% |
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc | 23.81% | 15.76% | 44.03% | 51.84% | -20.58% | 36.28% | 37.93% | 21.09% |
Correlation
The correlation between GLT5.L and XLKQ.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2019 | -0.01 |
The correlation between GLT5.L and XLKQ.L shifts across timeframes, from -0.01 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GLT5.L vs. XLKQ.L — Risk / Return Rank
GLT5.L
XLKQ.L
GLT5.L vs. XLKQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco UK Gilt 1-5 Year UCITS ETF Dist (GLT5.L) and Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| GLT5.L | XLKQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.46 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 3.24 | -1.86 |
| Martin ratioReturn relative to average drawdown | 4.42 | 8.42 | -4.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLT5.L | XLKQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 2.83 | -1.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 1.21 | -0.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 1.33 | -1.01 |
Drawdowns
GLT5.L vs. XLKQ.L - Drawdown Comparison
The maximum GLT5.L drawdown since its inception was -10.98%, smaller than the maximum XLKQ.L drawdown of -28.74%. Use the drawdown chart below to compare losses from any high point for GLT5.L and XLKQ.L.
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Drawdown Indicators
| GLT5.L | XLKQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.98% | -28.74% | +17.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.20% | -16.76% | +14.56% |
Max Drawdown (3Y)Largest decline over 3 years | -2.20% | -28.74% | +26.54% |
Max Drawdown (5Y)Largest decline over 5 years | -10.32% | -28.74% | +18.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.74% | — |
Current DrawdownCurrent decline from peak | -0.92% | -2.84% | +1.92% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -5.04% | +2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 6.45% | -5.76% |
Volatility
GLT5.L vs. XLKQ.L - Volatility Comparison
The current volatility for Invesco UK Gilt 1-5 Year UCITS ETF Dist (GLT5.L) is 1.88%, while Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) has a volatility of 6.83%. This indicates that GLT5.L experiences smaller price fluctuations and is considered to be less risky than XLKQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLT5.L | XLKQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 6.83% | -4.95% |
Volatility (6M)Calculated over the trailing 6-month period | 2.63% | 14.29% | -11.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.00% | 19.18% | -16.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.25% | 22.04% | -18.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.92% | 21.65% | -18.73% |
GLT5.L vs. XLKQ.L - Expense Ratio Comparison
GLT5.L has a 0.06% expense ratio, which is lower than XLKQ.L's 0.14% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GLT5.L vs. XLKQ.L - Dividend Comparison
GLT5.L's dividend yield for the trailing twelve months is around 4.13%, while XLKQ.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GLT5.L Invesco UK Gilt 1-5 Year UCITS ETF Dist | 4.13% | 4.12% | 4.43% | 3.76% | 1.01% | 0.19% | 0.33% | 0.44% |
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLT5.L and XLKQ.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLT5.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLT5.L is cheaper with a 0.06% expense ratio, compared with 0.14% for XLKQ.L.
GLT5.L is categorized as European Government Bonds, while XLKQ.L is Technology Equities. GLT5.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while XLKQ.L tracks S&P Select Sector Capped 20% Technology Index. Their fees differ too: 0.06% for GLT5.L and 0.14% for XLKQ.L.
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